Upcoming Johor-Singapore SEZ to benefit property developers and Reits in industrial, commercial sectors

PROPERTY developers and real estate investment trusts (Reits) in the industrial, commercial and hospitality sectors look set to get a boost when the upcoming Special Economic Zone (SEZ) in Johor, Malaysia is set up.

Singapore listcos with existing exposure to the Malaysian market, in particular, will stand to gain, said market observers.

The Johor-Singapore SEZ, which was formalised in January this year, aims to improve the cross-border flow of goods and people as well as increase investments between both countries.